Company Of The Day: Citigroup

June 17th, 2021 by Trefis Team
+6.22%
Upside
62.70
Market
66.61
Trefis
C: Citigroup logo
C
Citigroup

What?

Citigroup (NYSE:C) has warned that trading revenue will likely fall by around 30% from a year ago.

Why?

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The pandemic-driven boom and volatility in the stock markets appear to be cooling off and this should reflect in Citi’s trading business. Other banks including JPMorgan and Morgan Stanley have also indicated that they could see similar trends.

So What?

Citi stock declined by almost 3% in Wednesday’s trading, on account of the Federal Reserve statement and its outlook for its trading operations.

See Our Complete Analysis For Citigroup

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